Price Targets

For price targets, the height of the broadening right-angled ascending or descending pattern is added to the breakout above resistance or subtracted from the breakout below support to arrive at a price target. However, Bulkowski (2008) offers the following price targets calculated from his historical chart research:

Broadening Right-Angled Ascending Breakout Upward: Price of Breakout Above Resistance + ((Highest High of Formation - Lowest Low of Formation) * 68%)

Broadening Right-Angled Ascending Breakout Downward: Price of Breakout Below Support Price - ((Highest High of Formation - Lowest Low of Formation) * 32%)

Broadening Right-Angled Descending Breakout Upward: Price of Breakout Above Resistance + ((Highest High of Formation - Lowest Low of Formation) * 63%)

Broadening Right-Angled Descending Breakout Downward: Price of Breakout Below Support Price - ((Highest High of Formation - Lowest Low of Formation) * 44%)